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How important is money in the conduct of monetary policy? : a comment

McCallum, Bennett T. - In: Journal of money, credit and banking : JMCB 40 (2008) 8, pp. 1783-1790

Persistent link: https://www.econbiz.de/10003797247

Theoretical analysis regarding a zero lower bound on nominal interest rates

McCallum, Bennett T. - In: Journal of money, credit and banking : JMCB 32 (2000) 4,2, pp. 870-904

Persistent link: https://www.econbiz.de/10001537691

An optimizing IS-LM specification for monetary policy and business cycle analysis

McCallum, Bennett T.; Nelson, Edward - In: Journal of money, credit and banking : JMCB 31 (1999) 3,1, pp. 296-316

Persistent link: https://www.econbiz.de/10001411979

Optimal continuation versus the timeless perspective in monetary policy

Jensen, Christian; McCallum, Bennett T. - In: Journal of money, credit and banking : JMCB 42 (2010) 6, pp. 1093-1107

Persistent link: https://www.econbiz.de/10008821690

Asset Prices in Taylor Rules: Specification, Estimation, and Policy Implications for the ECB

Siklos, Pierre L.; Werner, Thomas; Bohl, Martin T. - 2004

This paper estimates standard and extended Taylor rules for core countries in the euro area, namely France, Germany and Italy, as well as for the ECB. Forward, backward and forecast-based rules are estimated for a variety of samples since the late 1970s. We are particularly interested in the...

Persistent link: https://www.econbiz.de/10010295649

Monetary policy transparency, public commentary, and market perceptions about monetary policy in Canada

Siklos, Pierre L. - 2000

Die Einführung von Inflationszielen in Kanada im Jahr 1991 verdeutlichte angeblich das Ziel der Geldpolitik, nämlich … Preisstabilität. Mit der neuen Politik sollte unter anderem die Öffentlichkeit fortan den Erfolg der Geldpolitik leichter daran messen … in der öffentlichen Kommentierung der Geldpolitik seit 1991 fairer beurteilt werden.' Anhand von Kommentaren in den …

Persistent link: https://www.econbiz.de/10010295696

Did the Bundesbank React to Stock Price Movements?

Siklos, Pierre L.; Bohl, Martin T.; Werner, Thomas - 2003

In this paper, we investigate the relationship between stock returns and short-term interest rates. Identification of the stock return-interest rate relation is solved by using a new technique that relies on the heteroskedasticity of shocks to stock market returns. We suggest some improvements...

Persistent link: https://www.econbiz.de/10010295762